Arizona Sublease Agreement Form

Arizona Sublease Agreement: What Is It?

A sublease agreement is a contract between two tenants: a tenant currently living in a rented space, and an incoming tenant that will replace the person currently occupying the rental. In this situation, the departing tenant’s name still remains on the original lease while the new tenant is living in the space, and (in most jurisdictions) the original tenant would be ultimately responsible for any damages that may occur while the sublease agreement is in effect.

When would someone use a sublease?

Tenants often want to sublease their apartment or rental property when they are looking to vacate the premises before their lease ends to avoid early-termination fees. Although there are a multitude of reasons why one would want to sublease their rental, here are some of the most common:

• The original tenant is relocating and doesn’t want to pay early termination fees or pay for rent and/or mortgage for two residences.
• The original tenant will be out of town, or out of the country for an extended period of time.
• The incoming tenant is looking for a short-term lease.

Parties Involved:

Landlord: The tenant should be sure that he or she has the landlord’s written permission before looking for a new tenant to sublease the space.

Principal Tenant: This is the tenant that will be moving out of the property, also referred to as the “Sublessor”.

Incoming Tenant: This is the tenant that will be moving in, in place of the principal tenant, referred to as the “Sublessee”.

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